EAM Solar

Legal Proceedings Report • Sep 6, 2024

EAM Solar AS is placed in Penalty Bench

EAM Solar AS is placed in Penalty Bench

Reference is made to the stock exchange announcement from EAM Solar AS of 4th of September 2024, third section. Oslo Børs has taken the decision to place EAM Solar AS in the Penalty Bench, cf. section 2.10.3 (1) of the Oslo Rule Book II. EAM Solar AS is placed in Penalty Bench with immediate effect due to failure to comply with Oslo Rule Book II section 3.1.1. The rule derives from Section 13-2 (1) first sentence of the Securities Trading Regulations, which applies for admission to trading on Euronext Oslo Børs, but also applies for admission to trading on Euronext Expand.

Penalty Bench is a special compartment where the securities of issuers that do not comply with the Rules are placed. Oslo Børs will remove securities from the Penalty Bench and allocate the securities to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.